High Yield Fund

LHYAX

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Daily price w/o sales charge as of 10/15/2018

$7.35

$0.00

YTD Returns w/o sales charge as of 10/15/2018

-0.12%

Overall Morningstar Ratings

High Yield Bond

as of 09/30/2018

Morningstar rated the Lord Abbett High Yield Fund class A share 4, 5 and 5 stars among 592, 502 and 331 High Yield Bond Funds for the overall rating and the 3, 5 and 10 year periods ended 9/30/2018, respectively.

Please click here for performance current to the most recent quarter-end and month-end.

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Summary

What is the High Yield Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in high yield corporate bonds.

A HERITAGE OF HIGH YIELD

Brings a 40+ year history of high-yield investing, focused on fundamental, bottom-up credit research.

AN OPPORTUNISTIC APPROACH

Provides the flexibility to adjust to the market environment and take advantage of opportunities across the credit spectrum.

STRONG TRACK RECORD

Has offered a track record of strong performance versus peers in up and down markets, demonstrating the strength of this active approach as a core high-yield holding over a full market cycle.

Yield

Dividend Yield ¹ as of 10/15/2018

w/o sales charge	5.73%
w/ sales charge	5.60%

30-Day Standardized Yield ² as of 09/30/2018

5.28%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Expense Ratioas of 09/30/2018

Fund Basicsas of 09/28/2018

Total Net Assets: $6.79 B
Inception Date: 12/31/1998
Dividend Frequency: Monthly (Daily Accrual)
Number of Holdings: 747
CUSIP: 54400N102
Minimum Initial Investment: $1,500+

Fund Expense Ratio :

0.89%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	1.41%	2.42%	7.76%	6.03%	9.44%	6.88%
Lipper Category Avg. High Yield Funds	1.77%	2.27%	6.41%	4.28%	7.64%	-
ICE BofAML U.S. High Yield Constrained Index	2.52%	2.95%	8.20%	5.55%	9.40%	6.83%
w/ sales charge	-0.91%	0.09%	6.97%	5.55%	9.19%	6.76%

Fund Expense Ratio :

0.89%

Fund Expense Ratio :

0.89%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	1.41%	2.42%	7.76%	6.03%	9.44%	6.88%
Lipper Category Avg. High Yield Funds	1.77%	2.27%	6.41%	4.28%	7.64%	-
ICE BofAML U.S. High Yield Constrained Index	2.52%	2.95%	8.20%	5.55%	9.40%	6.83%
w/ sales charge	-0.91%	0.09%	6.97%	5.55%	9.19%	6.76%

Fund Expense Ratio :

0.89%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance of future results.

Credit Quality Distribution as of 09/28/2018 View Portfolio

Rating	Assets
BBB
BB
B
<B
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Investment Team

Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

17 Years of Industry Experience

Robert A. Lee

Partner & Chief Investment Officer

27 Years of Industry Experience

Christopher Gizzo, CFA

Portfolio Manager

10 Years of Industry Experience

Supported By 64 Investment Professionals with 15 Years Avg. Industry Experience

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Performance

Dividend Yield ¹ as of 10/15/2018

w/o sales charge	5.73%
w/ sales charge	5.60%

30-Day Standardized Yield ² as of 09/30/2018

	Subsidized³	Un-Subsidized⁴
w/o sales charge	5.28%	5.28%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

0.89%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	1.41%	2.42%	7.76%	6.03%	9.44%	6.88%
Lipper Category Avg. High Yield Funds	1.77%	2.27%	6.41%	4.28%	7.64%	-
ICE BofAML U.S. High Yield Constrained Index	2.52%	2.95%	8.20%	5.55%	9.40%	6.83%
w/ sales charge	-0.91%	0.09%	6.97%	5.55%	9.19%	6.76%

Fund Expense Ratio :

0.89%

Fund Expense Ratio :

0.89%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	1.41%	2.42%	7.76%	6.03%	9.44%	6.88%
Lipper Category Avg. High Yield Funds	1.77%	2.27%	6.41%	4.28%	7.64%	-
ICE BofAML U.S. High Yield Constrained Index	2.52%	2.95%	8.20%	5.55%	9.40%	6.83%
w/ sales charge	-0.91%	0.09%	6.97%	5.55%	9.19%	6.76%

Fund Expense Ratio :

0.89%

Returns with sales charges reflect a maximum sales charge of 2.25%.

Year	Fund Returns	ICE BofAML U.S. High Yield Constrained Index

2017	8.50%	7.48%
2016	15.84%	17.49%
2015	-2.26%	-4.61%
2014	3.46%	2.51%
2013	9.69%	7.41%
2012	16.50%	15.55%
2011	3.15%	4.37%
2010	14.31%	15.07%
2009	50.51%	58.10%
2008	-23.42%	-26.11%
2007	2.43%	-
2006	9.94%	-
2005	1.15%	-
2004	10.42%	-
2003	21.59%	-
2002	-0.10%	-
2001	5.36%	-
2000	-3.01%	-
1999	6.57%	-
1998	0.80%	-

Year	Q1	Q2	Q3	Q4	Yearly Returns

2018	-1.07%	-0.04%	2.54%	-	-0.12%
2017	2.82%	1.98%	2.45%	1.00%	8.50%
2016	2.01%	5.52%	5.46%	2.05%	15.84%
2015	3.05%	0.86%	-4.23%	-1.81%	-2.26%
2014	2.92%	3.38%	-1.83%	-0.95%	3.46%
2013	3.97%	-1.03%	2.51%	3.99%	9.69%
2012	6.63%	0.36%	5.06%	3.61%	16.50%
2011	3.82%	1.07%	-7.02%	5.73%	3.15%
2010	4.93%	-0.92%	6.33%	3.40%	14.31%
2009	5.95%	17.32%	14.23%	6.01%	50.51%
2008	-3.43%	1.99%	-7.81%	-15.68%	-23.42%
2007	2.98%	0.17%	0.48%	-1.17%	2.43%
2006	2.57%	0.01%	2.80%	4.27%	9.94%
2005	-1.74%	1.49%	0.87%	0.56%	1.15%
2004	1.07%	-0.32%	4.34%	5.04%	10.42%
2003	4.06%	8.25%	2.40%	5.41%	21.59%
2002	1.51%	-3.59%	-3.78%	6.10%	-0.10%
2001	5.14%	-1.67%	-3.99%	6.15%	5.36%
2000	-1.66%	0.99%	0.31%	-2.65%	-3.01%
1999	3.43%	-0.11%	-0.81%	3.99%	6.57%
1998	-	-	-	-	0.80%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

Growth of $10,000 as of 09/30/2018

The chart begins on the Fund's inception date of 12/31/1998.

Based on a hypothetical Class A share investment of $10,000 on 12/31/1998 without sales charge and includes the reinvestment of all distributions.

NAV Historical Prices

Date	Net Asset Value

Portfolio

Rating	Assets
High Yield Bonds
Bank Loans
Equity
Investment Grade Bonds
Convertibles
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Rating	Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 09/28/2018

Rating	Assets
BBB
BB
B
<B
Not Rated

Portfolio Positioning as of 6/30/2018

Despite continuing equity market volatility and oscillating Treasury yields during the quarter, high yield bonds posted positive returns, outperforming the higher quality market segment represented by the Bloomberg Barclays U.S. Aggregate Bond Index.
One of portfolio’s biggest overweights remains the basic industry sector. Within the sector, we favor the metals and mining segments, as companies in these sub-sectors are poised to benefit from an improving economic growth, firming commodity prices, and the potential for increased infrastructure spending.
We increased the portfolio’s exposure to the health care sector due to improving volumes in the hospitals segment and improved overall sentiment in the industry.
The portfolio’s biggest underweight remains the telecom sector. In addition to secular issues faced by the wireline segment, idiosyncratic issues continue to plague major wireline companies.
As of quarter-end, the portfolio had modest allocations to out-of-index sectors, such as bank loans, convertibles, investment grade bonds, and equities. Select exposures to these sectors offer attractive risk-reward opportunities, potential portfolio diversification benefits and avenues for liquidity.

Portfolio Details as of 09/28/2018

Total Net Assets: $6.79 B
Number of Issues: 747
Average Coupon: 6.50%
Average Maturity: 6.68 Years
Average Effective Duration: 4.65 Years

To view definitions for the above Portfolio Details, Click here.

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding	Coupon	Maturity	Assets

HCA, Inc.	5.250%	06/15/2026	0.8%
CenturyLink, Inc.	7.500%	04/01/2024	0.8%
Freeport-McMoRan, Inc.	3.875%	03/15/2023	0.8%
T-Mobile USA, Inc.	6.500%	01/15/2026	0.7%
Tenet Healthcare Corp.	5.125%	05/01/2025	0.6%
Bombardier, Inc.	7.500%	03/15/2025	0.6%
Peabody Energy Corp.	6.375%	03/31/2025	0.6%
California Resources Corp.	8.000%	12/15/2022	0.6%
Tesla Motors, Inc.	5.300%	08/15/2025	0.5%
HCA, Inc.	5.500%	06/15/2047	0.5%

% of Total Assets			6.5%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Holding	Coupon	Maturity	Assets

HCA, Inc.	5.250%	06/15/2026	0.8%
Freeport-McMoRan, Inc.	3.875%	03/15/2023	0.8%
Bombardier, Inc.	7.500%	03/15/2025	0.8%
T-Mobile USA, Inc.	6.500%	01/15/2026	0.7%
Tenet Healthcare Corp.	5.125%	05/01/2025	0.6%
Peabody Energy Corp.	6.375%	03/31/2025	0.6%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.875%	04/01/2024	0.5%
CenturyLink, Inc.	7.500%	04/01/2024	0.5%
HCA, Inc.	5.500%	06/15/2047	0.5%
Numericable Group S.A.	7.375%	05/01/2026	0.5%
Netflix, Inc.	3.625%	05/15/2027	0.5%
Tesla Motors, Inc.	5.300%	08/15/2025	0.5%
California Resources Corp.	8.000%	12/15/2022	0.5%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.750%	02/15/2026	0.5%
Teva Pharmaceutical Finance Netherlands III BV	3.150%	10/01/2026	0.5%
Netflix, Inc.	5.875%	02/15/2025	0.5%
Intelsat Jackson Holdings SA	5.500%	08/01/2023	0.5%
Ally Financial, Inc.	8.000%	11/01/2031	0.4%
Navient Corp.	6.750%	06/25/2025	0.4%
Navient Corp.	6.125%	03/25/2024	0.4%
Dell International LLC / EMC Corp	6.020%	06/15/2026	0.4%
WellCare Health Plans, Inc.	5.250%	04/01/2025	0.4%
Valeant Pharmaceuticals International, Inc.	5.875%	05/15/2023	0.4%
CSC Holdings LLC	10.875%	10/15/2025	0.4%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.875%	05/01/2027	0.4%
Cheniere Corpus Christi Holdings LLC	5.125%	06/30/2027	0.4%
United Rentals, Inc.	4.875%	01/15/2028	0.4%
Valeant Pharmaceuticals International, Inc.	4.500%	05/15/2023	0.4%
Rockies Express Pipeline LLC	6.875%	04/15/2040	0.3%
MEG Energy Corp.	7.000%	03/31/2024	0.3%
Sirius XM Radio, Inc.	5.000%	08/01/2027	0.3%
Calpine Corp.	5.750%	01/15/2025	0.3%
Valeant Pharmaceuticals International, Inc.	5.625%	12/01/2021	0.3%
MGM Resorts International	6.000%	03/15/2023	0.3%
Equinix, Inc.	2.875%	02/01/2026	0.3%
Transocean, Inc.	7.500%	01/15/2026	0.3%
Wynn Las Vegas LLC	5.500%	03/01/2025	0.3%
Tapstone Energy LLC / Tapstone Energy Finance Corp	9.750%	06/01/2022	0.3%
Albertsons Cos LLC / Safeway, Inc. / New Albertson	6.625%	06/15/2024	0.3%
RBS Global & Rexnord Corp.	4.875%	12/15/2025	0.3%
Diamondback Energy, Inc.	4.750%	11/01/2024	0.3%
Clear Channel Worldwide Holdings, Inc.	6.500%	11/15/2022	0.3%
Genworth Holdings Inc	4.900%	08/15/2023	0.3%
Blue Cube Spinco, Inc.	10.000%	10/15/2025	0.3%
Alcoa Nederland Holding BV	6.750%	09/30/2024	0.3%
Cheniere Corpus Christi Holdings LLC	5.875%	03/31/2025	0.3%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o	5.000%	06/01/2024	0.3%
Centene Corp.	5.375%	06/01/2026	0.3%
Precision Drilling Corp.	5.250%	11/15/2024	0.3%
Noble Holding International Ltd.	7.875%	02/01/2026	0.3%
CSL Capital, LLC	8.250%	10/15/2023	0.3%
CF Industries, Inc.	5.150%	03/15/2034	0.3%
Cowlitz Tribal Gaming Authority	12.576%	12/04/2020	0.3%
Tenet Healthcare Corp.	6.750%	06/15/2023	0.3%
GCI LLC	6.875%	04/15/2025	0.3%
Valeant Pharmaceuticals International, Inc.	8.500%	01/31/2027	0.3%
First Data Corp.	5.750%	01/15/2024	0.3%
Community Health Systems, Inc.	8.000%	11/15/2019	0.3%
Qorvo, Inc.	5.500%	07/15/2026	0.3%
Silversea Cruise Finance Ltd.	7.250%	02/01/2025	0.3%
CenturyLink, Inc.	5.625%	04/01/2025	0.3%
Conn's, Inc.	7.250%	07/15/2022	0.3%
Cliffs Natural Resources, Inc.	5.750%	03/01/2025	0.3%
MSCI, Inc.	5.750%	08/15/2025	0.3%
BlueLine Rental Finance Corp. / BlueLine Rental LL	9.250%	03/15/2024	0.3%
J Crew Group Inc.	5.450%	03/05/2021	0.2%
Molina Healthcare, Inc.	4.875%	06/15/2025	0.2%
Citgo Holding, Inc.	10.750%	02/15/2020	0.2%
NRG Energy, Inc.	5.750%	01/15/2028	0.2%
APX Group, Inc.	7.625%	09/01/2023	0.2%
CONSOL Energy Inc	11.000%	11/15/2025	0.2%
Orchestra Borrower LLC / Orchestra Co-Issuer Inc	6.750%	06/15/2022	0.2%
Ashland, Inc.	6.875%	05/15/2043	0.2%
Valeant Pharmaceuticals International, Inc.	5.500%	03/01/2023	0.2%
Match Group, Inc.	5.000%	12/15/2027	0.2%
Alta Mesa Holdings L.P. / Alta Mesa Finance Servic	7.875%	12/15/2024	0.2%
SeaWorld Entertainment, Inc.	0.000%	-	0.2%
Centene Corp.	4.750%	01/15/2025	0.2%
Exterran Energy Solutions L.P. / EES Finance Corp.	8.125%	05/01/2025	0.2%
Intelsat Connect Finance SA	9.500%	02/15/2023	0.2%
Centennial Resource Production LLC	5.375%	01/15/2026	0.2%
Weight Watchers International, Inc.	8.625%	12/01/2025	0.2%
Denbury Resources, Inc.	5.500%	05/01/2022	0.2%
Brand Energy & Infrastructure Services Inc	8.500%	07/15/2025	0.2%
CEC Entertainment, Inc.	8.000%	02/15/2022	0.2%
Caesars Palace Las Vegas Trust 2017-VICI	4.499%	10/15/2034	0.2%
Tenet Healthcare Corp.	4.625%	07/15/2024	0.2%
HCA, Inc.	8.360%	04/15/2024	0.2%
Enova International, Inc.	8.500%	09/01/2024	0.2%
Jagged Peak Energy LLC	5.875%	05/01/2026	0.2%
DISH DBS Corp.	7.750%	07/01/2026	0.2%
Jonah Energy LLC / Jonah Energy Finance Corp	7.250%	10/15/2025	0.2%
Hema Bondco II BV	8.500%	01/15/2023	0.2%
IRB Holding Corp	6.750%	02/15/2026	0.2%
Yingde Gases Investment Ltd	6.250%	01/19/2023	0.2%
Con-way, Inc.	6.700%	05/01/2034	0.2%
Louisiana-Pacific Corp.	4.875%	09/15/2024	0.2%
Callon Petroleum Co.	6.125%	10/01/2024	0.2%
Sensata Technologies BV	5.625%	11/01/2024	0.2%
Hilton Domestic Operating Co, Inc.	5.125%	05/01/2026	0.2%
Ahern Rentals, Inc.	7.375%	05/15/2023	0.2%
DKT Finance ApS	9.375%	06/17/2023	0.2%
Nationstar Mortgage Holdings, Inc.	9.125%	07/15/2026	0.2%
Altice Luxembourg SA	7.625%	02/15/2025	0.2%
United Rentals, Inc.	4.625%	10/15/2025	0.2%
BWAY Holding Co.	7.250%	04/15/2025	0.2%
Berry Petroleum Co.	7.000%	02/15/2026	0.2%
NGPL Pipeco LLC	4.875%	08/15/2027	0.2%
99 Cents Only Stores	7.334%	01/13/2022	0.2%
Churchill Downs, Inc.	4.750%	01/15/2028	0.2%
Rain CII Carbon LLC	7.250%	04/01/2025	0.2%
Forum Energy Technologies, Inc.	6.250%	10/01/2021	0.2%
PGT Escrow Issuer Inc	6.750%	08/01/2026	0.2%
Sirius XM Radio, Inc.	5.375%	07/15/2026	0.2%
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Di	6.625%	05/15/2022	0.2%
AECOM	5.125%	03/15/2027	0.2%
Under Armour, Inc.	3.250%	06/15/2026	0.2%
Mueller Water Products, Inc.	5.500%	06/15/2026	0.2%
Cogent Communications Group, Inc.	5.375%	03/01/2022	0.2%
Norbord, Inc.	6.250%	04/15/2023	0.2%
MGIC Investment Corp.	5.750%	08/15/2023	0.2%
TRI Pointe Homes LLC	5.250%	06/01/2027	0.2%
Rio Oil Finance Trust Series 2018-1	8.200%	04/06/2028	0.2%
EP Energy LLC	8.000%	11/29/2024	0.2%
Penn National Gaming, Inc.	5.625%	01/15/2027	0.2%
UPCB Finance Ltd.	5.375%	01/15/2025	0.2%
Pulte Group, Inc.	5.500%	03/01/2026	0.2%
BankUnited, Inc.	4.875%	11/17/2025	0.2%
Hillman Group, Inc.	6.375%	07/15/2022	0.2%
Popular, Inc.	7.000%	07/01/2019	0.2%
AMC Networks, Inc.	4.750%	08/01/2025	0.2%
Rowan Companies, Inc.	4.750%	01/15/2024	0.2%
Quicken Loans Inc	5.250%	01/15/2028	0.2%
The Royal Bank of Scotland Group PLC	7.500%	08/10/2165	0.2%
Ingevity Corp.	4.500%	02/01/2026	0.2%
China Evergrande Group	8.750%	06/28/2025	0.2%
Rede D'or Finance Sarl	4.950%	01/17/2028	0.2%
Curo Group Holdings Corp	8.250%	09/01/2025	0.2%
Air Medical Group Holdings, Inc.	6.375%	05/15/2023	0.2%
CURO Financial Technologies Corp	12.000%	03/01/2022	0.2%
Caesars Palace Las Vegas Trust 2017-VICI	4.499%	10/15/2034	0.2%
ACE Cash Express Inc	12.000%	12/15/2022	0.2%
Neiman Marcus Group Inc., The	5.330%	10/25/2020	0.2%
Sealed Air Corp.	6.875%	07/15/2033	0.2%
Western Digital Corp.	4.750%	02/15/2026	0.2%
Autopistas del Sol SA/Costa Rica	7.375%	12/30/2030	0.2%
Mclaren Finance PLC	5.000%	08/01/2022	0.2%
IHeart Communications, Inc.	0.000%	03/01/2021	0.2%
Telecom Italia Capital S.A.	6.375%	11/15/2033	0.2%
WPX Energy, Inc.	5.250%	09/15/2024	0.2%
HCA, Inc.	5.250%	04/15/2025	0.2%
Boise Cascade Co.	5.625%	09/01/2024	0.2%
Pisces Midco Inc	8.000%	04/15/2026	0.2%
SRC Energy Inc	6.250%	12/01/2025	0.2%
CSI Compressco LP / CSI Compressco Finance Inc	7.500%	04/01/2025	0.2%
Pulte Group, Inc.	5.000%	01/15/2027	0.2%
Belo Corp.	7.250%	09/15/2027	0.2%
HCA, Inc.	7.500%	12/15/2023	0.2%
Azul Investments LLP	5.875%	10/26/2024	0.2%
Chaparral Energy, Inc.	8.750%	07/15/2023	0.2%
SPCM S.A.	4.875%	09/15/2025	0.2%
Britax Childcare	4.500%	10/15/2020	0.2%
Warrior Met Coal Inc	8.000%	11/01/2024	0.2%
Aerovironment, Inc.	0.000%	-	0.2%
AES Red Oak LLC	9.200%	11/30/2029	0.2%
Gray Television, Inc.	5.875%	07/15/2026	0.2%
Williams Scotsman International Inc	7.875%	12/15/2022	0.2%
Jurassic Holdings III, Inc.	6.875%	02/15/2021	0.2%
Frontier Communications Corp.	6.875%	01/15/2025	0.2%
Shea Homes LP / Shea Homes Funding Corp.	6.125%	04/01/2025	0.2%
Banff Merger Sub Inc	9.750%	09/01/2026	0.2%
DexCom, Inc.	0.750%	05/15/2022	0.2%
Texas Capital Bank NA/Dallas TX	5.250%	01/31/2026	0.2%
Rumo Luxembourg Sarl	7.375%	02/09/2024	0.2%
Wendy's International, Inc.	7.000%	12/15/2025	0.2%
MEG Energy Corp.	6.500%	01/15/2025	0.2%
William Lyon Homes, Inc.	5.875%	01/31/2025	0.2%
Ingles Markets, Inc.	5.750%	06/15/2023	0.2%
Pactiv Corp.	7.950%	12/15/2025	0.2%
Molina Healthcare, Inc.	1.125%	01/15/2020	0.2%
Barminco Finance Pty Ltd.	6.625%	05/15/2022	0.2%
Enterprise Development Authority/The	12.000%	07/15/2024	0.2%
Wind Tre SpA	5.000%	01/20/2026	0.2%
Wabash National Corp.	5.500%	10/01/2025	0.2%
Ladder Capital Finance Holdings LLC/Ladder Capital	5.250%	10/01/2025	0.2%
GrubHub, Inc.	0.000%	-	0.2%
American Eagle Outfitters, Inc.	0.000%	-	0.2%
CIT Group, Inc.	6.125%	03/09/2028	0.2%
Hunt Oil Co of Peru LLC Sucursal Del Peru	6.375%	06/01/2028	0.2%
Ingevity Corp.	0.000%	-	0.2%
Acrisure LLC / Acrisure Finance Inc	7.000%	11/15/2025	0.2%
Intelsat Jackson Hldg	6.625%	01/02/2024	0.2%
JB Poindexter & Co., Inc.	7.125%	04/15/2026	0.2%
Marriott Ownership Resorts Inc	6.500%	09/15/2026	0.2%
CNO Financial Group, Inc.	5.250%	05/30/2025	0.2%
Chemours Co.	5.375%	05/15/2027	0.2%
ADT Corp.	4.875%	07/15/2032	0.2%
Stonegate Pub Company Financing PLC	4.875%	03/15/2022	0.2%
Allison Transmission, Inc.	5.000%	10/01/2024	0.2%
Vistra Operations Co LLC	5.500%	09/01/2026	0.2%
HLF Financing Sarl LLC / Herbalife International I	7.250%	08/15/2026	0.2%
Compass Minerals International, Inc.	4.875%	07/15/2024	0.2%
Verscend Escrow Corp	9.750%	08/15/2026	0.2%
DaVita, Inc.	5.000%	05/01/2025	0.2%
Aston Martin Capital Holdings Ltd	6.500%	04/15/2022	0.2%
H&E Equipment Services, Inc.	5.625%	09/01/2025	0.2%
Service Corp. International	4.625%	12/15/2027	0.2%
Waste Pro USA Inc	5.500%	02/15/2026	0.2%
Eterna Capital Pte Ltd	8.000%	12/11/2022	0.2%
Laureate Education, Inc.	8.250%	05/01/2025	0.2%
Matterhorn Merger Sub LLC / Matterhorn Finance Sub	8.500%	06/01/2026	0.2%
Cheniere Energy Partners LP	5.250%	10/01/2025	0.2%
Murphy Oil USA, Inc.	5.625%	05/01/2027	0.2%
Fair Isaac Corp.	5.250%	05/15/2026	0.2%
Apergy Corp	6.375%	05/01/2026	0.2%
Buena Vista Gaming Authority	13.000%	04/01/2023	0.2%
Mattel, Inc.	6.750%	12/31/2025	0.1%
Versum Materials, Inc.	5.500%	09/30/2024	0.1%
VeriSign, Inc.	5.250%	04/01/2025	0.1%
Babcock & Wilcox Co.	5.375%	07/15/2026	0.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines	8.750%	07/15/2026	0.1%
York Risk Services Holding Corp	8.500%	10/01/2022	0.1%
Everi Payments Inc	7.500%	12/15/2025	0.1%
Surgery Center Holdings, Inc.	6.750%	07/01/2025	0.1%
Getty Images, Inc.	5.576%	10/18/2019	0.1%
Rockpoint Gas Storage Canada Ltd	7.000%	03/31/2023	0.1%
Hulk Finance Corp	7.000%	06/01/2026	0.1%
Rayonier AM Products, Inc.	5.500%	06/01/2024	0.1%
Kernel Holding SA	8.750%	01/31/2022	0.1%
Century Communities, Inc.	5.875%	07/15/2025	0.1%
BCD Acquisition, Inc.	9.625%	09/15/2023	0.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.	5.000%	12/01/2024	0.1%
Marble II Pte Ltd.	5.300%	06/20/2022	0.1%
Cloud Crane LLC	10.125%	08/01/2024	0.1%
ESH Hospitality, Inc.	5.250%	05/01/2025	0.1%
Jacobs Entertainment, Inc.	7.875%	02/01/2024	0.1%
New Home Co, Inc./The	7.250%	04/01/2022	0.1%
Bristow Group, Inc.	8.750%	03/01/2023	0.1%
Southern Star Central Corp.	5.125%	07/15/2022	0.1%
Yum! Brands, Inc.	5.350%	11/01/2043	0.1%
Boyne USA Inc	7.250%	05/01/2025	0.1%
Meredith Corp.	6.875%	02/01/2026	0.1%
Community Health Systems, Inc.	5.125%	08/01/2021	0.1%
Geo Group, Inc.	6.000%	04/15/2026	0.1%
TNT Crane and Rigging	6.834%	11/27/2020	0.1%
WildHorse Resource Development Corp	6.875%	02/01/2025	0.1%
Vistra Energy Corp	7.625%	11/01/2024	0.1%
Salem Communications Corp.	6.750%	06/01/2024	0.1%
Inter Media and Communication SpA	4.875%	12/31/2022	0.1%
Itron, Inc.	5.000%	01/15/2026	0.1%
Polaris Intermediate Corp	8.500%	12/01/2022	0.1%
Tenet Healthcare Corp.	7.000%	08/01/2025	0.1%
Mohegan Tribal Gaming Authority	7.875%	10/15/2024	0.1%
Mercer International, Inc.	5.500%	01/15/2026	0.1%
Aegea Finance Sarl	5.750%	10/10/2024	0.1%
Rumo Luxembourg Sarl	5.875%	01/18/2025	0.1%
Scientific Games International, Inc.	3.375%	02/15/2026	0.1%
TopBuild Corp.	5.625%	05/01/2026	0.1%
Turkiye Sise ve Cam Fabrikalari AS	4.250%	05/09/2020	0.1%
Swordfish Merger Sub LLC	8.840%	02/02/2026	0.1%
Del Frisco's Restaurant Grou	8.125%	06/27/2025	0.1%
Calfrac Holdings L.P.	8.500%	06/15/2026	0.1%
Gopher Sub, Inc.	9.084%	02/02/2026	0.1%
Proto Labs, Inc.	0.000%	-	0.1%
Deck Chassis Acquisition, Inc.	10.000%	06/15/2023	0.1%
Novelis Corp.	5.875%	09/30/2026	0.1%
MHP Lux SA	6.950%	04/03/2026	0.1%
Teleflex, Inc.	4.875%	06/01/2026	0.1%
CDW Corp.	5.500%	12/01/2024	0.1%
SPX FLOW, Inc.	5.625%	08/15/2024	0.1%
Central Garden & Pet Co.	5.125%	02/01/2028	0.1%
Glaukos Corp.	0.000%	-	0.1%
Carrizo Oil & Gas, Inc.	8.250%	07/15/2025	0.1%
Gibson Brands, Inc.	8.875%	08/01/2019	0.1%
NSG Holdings LLC / NSG Holdings, Inc.	7.750%	12/15/2025	0.1%
Grupo Cementos de Chihuahua SAB de CV	5.250%	06/23/2024	0.1%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o	4.750%	06/01/2027	0.1%
WeWork Cos Inc	7.875%	05/01/2025	0.1%
Netflix, Inc.	4.375%	11/15/2026	0.1%
Sanchez Energy Corp.	7.250%	02/15/2023	0.1%
EW Scripps Co.	5.125%	05/15/2025	0.1%
MasTec, Inc.	4.875%	03/15/2023	0.1%
Mobile Mini, Inc.	5.875%	07/01/2024	0.1%
Dutch Lion BV	11.250%	06/15/2020	0.1%
Alcoa Nederland Holding BV	6.125%	05/15/2028	0.1%
Hawaiian Airlines Class B Pass Through Certificate	4.950%	01/15/2022	0.1%
Trident Merger Sub Inc	6.625%	11/01/2025	0.1%
Permian Resources LLC / AEPB Finance Corp.	13.000%	11/30/2020	0.1%
WPX Energy, Inc.	5.750%	06/01/2026	0.1%
North American Lifting Holdings, Inc. (aka TNT Crane & Rigging, Inc)	11.334%	11/26/2021	0.1%
AES Corp.	4.500%	03/15/2023	0.1%
Lamb Weston Holdings, Inc.	4.625%	11/01/2024	0.1%
Flex Acquisition Co Inc	7.875%	07/15/2026	0.1%
Eletson Holdings Inc / Eletson Finance US LLC / Ag	9.625%	01/15/2022	0.1%
United Rentals, Inc.	5.500%	05/15/2027	0.1%
CMA CGM SA	5.250%	01/15/2025	0.1%
Kenan Advantage Group, Inc.	7.875%	07/31/2023	0.1%
Hill-Rom Holdings, Inc.	5.750%	09/01/2023	0.1%
Targa Resources Partners L.P.	4.250%	11/15/2023	0.1%
Magnolia Oil & Gas Operating LLC / Magnolia Oil &	6.000%	08/01/2026	0.1%
B&G Foods, Inc.	5.250%	04/01/2025	0.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.	5.750%	10/01/2025	0.1%
Malibu Boats, Inc.	0.000%	-	0.1%
Antero Midstream Partners L.P. / Antero Midstream	5.375%	09/15/2024	0.1%
Titan Acquisition Ltd / Titan Co-Borrower LLC	7.750%	04/15/2026	0.1%
Pacific Rubiales Energy Corp.	9.700%	06/25/2023	0.1%
Olin Corp.	5.125%	09/15/2027	0.1%
The Royal Bank of Scotland Group PLC	8.625%	08/15/2166	0.1%
Claire's Stores, Inc.	9.000%	03/15/2019	0.1%
Freedom Mortgage Corp	8.125%	11/15/2024	0.1%
Elwood Energy LLC	8.159%	07/05/2026	0.1%
Five9, Inc.	0.125%	05/01/2023	0.1%
QuickSilver Inc.	8.350%	04/08/2024	0.1%
CIBT Solutions, Inc.	9.210%	06/01/2025	0.1%
Denbury Resources, Inc.	4.625%	07/15/2023	0.1%
Energizer Gamma Acquisition Inc	6.375%	07/15/2026	0.1%
Provincia de Rio Negro	7.750%	12/07/2025	0.1%
Hub International Ltd.	7.000%	05/01/2026	0.1%
Werner FinCo LP / Werner FinCo Inc	8.750%	07/15/2025	0.1%
Pulte Group, Inc.	6.375%	05/15/2033	0.1%
Twilio, Inc.	0.250%	06/01/2023	0.1%
24 Hour Fitness Worldwide, Inc.	8.000%	06/01/2022	0.1%
Transocean Proteus Ltd.	6.250%	12/01/2024	0.1%
UTEX Industries	6.076%	05/22/2021	0.1%
Steel Dynamics, Inc.	5.000%	12/15/2026	0.1%
Merlin Entertainments PLC	5.750%	06/15/2026	0.1%
Aspen Technology, Inc.	0.000%	-	0.1%
Acadia Healthcare Co., Inc.	5.625%	02/15/2023	0.1%
Manitowoc Foodservice, Inc.	9.500%	02/15/2024	0.1%
Transocean Phoenix 2 Ltd.	7.750%	10/15/2024	0.1%
Square, Inc.	0.375%	03/01/2022	0.1%
Numericable Group S.A.	8.125%	02/01/2027	0.1%
Parsley Energy LLC	6.250%	06/01/2024	0.1%
Balchem Corp.	0.000%	-	0.1%
Sirius XM Radio, Inc.	6.000%	07/15/2024	0.1%
Tempo Acquisition LLC / Tempo Acquisition Finance	6.750%	06/01/2025	0.1%
Hilton Domestic Operating Co, Inc.	4.250%	09/01/2024	0.1%
Roku Inc	0.000%	-	0.1%
Darling Global Finance BV	3.625%	05/15/2026	0.1%
Toll Brothers Finance Corp.	4.875%	03/15/2027	0.1%
Wolverine World Wide, Inc.	5.000%	09/01/2026	0.1%
AHP Health Partners Inc	9.750%	07/15/2026	0.1%
Acuity Brands, Inc.	0.000%	-	0.1%
Gateway Casinos & Entertainment Ltd	8.250%	03/01/2024	0.1%
Lennox International, Inc.	0.000%	-	0.1%
Brink's Co/The	4.625%	10/15/2027	0.1%
Cole Haan	6.080%	01/31/2020	0.1%
Commercial Metals Co.	5.375%	07/15/2027	0.1%
Novelis Corp.	6.250%	08/15/2024	0.1%
Denbury Resources, Inc.	9.000%	05/15/2021	0.1%
TPC Group, Inc.	8.750%	12/15/2020	0.1%
CenturyLink, Inc.	6.750%	12/01/2023	0.1%
GMR Hyderabad International Airport Ltd	4.250%	10/27/2027	0.1%
Trex Co., Inc.	0.000%	-	0.1%
Indika Energy Capital III Pte Ltd	5.875%	11/09/2024	0.1%
WTT Investment Ltd/Hong Kong	5.500%	11/21/2022	0.1%
Ritchie Bros Auctioneers, Inc.	5.375%	01/15/2025	0.1%
Powerteam Services LLC	9.584%	03/06/2026	0.1%
Holly Energy Partners L.P. / Holly Energy Finance	6.000%	08/01/2024	0.1%
SPX FLOW, Inc.	5.875%	08/15/2026	0.1%
EnerSys	5.000%	04/30/2023	0.1%
TGP Holdings III LLC	10.834%	09/20/2025	0.1%
PF Chang's China Bistro, Inc.	10.250%	06/30/2020	0.1%
SMG US MIDCO	9.076%	01/23/2026	0.1%
Kuehg Corp	10.584%	08/15/2025	0.1%
Quidel Corp	0.000%	-	0.1%
Bill Barrett Corp.	7.000%	10/15/2022	0.1%
Cardtronics Inc / Cardtronics USA Inc	5.500%	05/01/2025	0.1%
Fevertree Drinks PLC	0.000%	-	0.1%
Dynagas LNG Partners L.P.	6.250%	10/30/2019	0.1%
FAGE International SA/ FAGE USA Dairy Industry Inc	5.625%	08/15/2026	0.1%
Shake Shack, Inc.	0.000%	-	0.1%
Coeur Mining, Inc.	5.875%	06/01/2024	0.1%
Oxbow Carbon LLC	9.576%	12/18/2023	0.1%
SM Energy Co.	6.750%	09/15/2026	0.1%
Monitronics International, Inc.	9.125%	04/01/2020	0.1%
Central American Bottling Corp.	5.750%	01/31/2027	0.1%
Badger Meter, Inc.	0.000%	-	0.1%
Yak Access LLC	12.067%	07/10/2026	0.1%
Lennar Corp.	4.500%	04/30/2024	0.1%
Commercial Barge Line	10.826%	11/12/2020	0.1%
Navicure Inc	9.576%	10/31/2025	0.1%
Imperial Metals Corp.	7.000%	03/15/2019	0.1%
DPL, Inc.	7.250%	10/15/2021	0.1%
RingCentral, Inc.	0.000%	-	0.1%
Delhi International Airport Pvt Ltd	6.125%	10/31/2026	0.1%
Turkiye Vakiflar Bankasi Tao	5.750%	01/30/2023	0.1%
Taseko Mines Ltd.	8.750%	06/15/2022	0.1%
Extraction Oil & Gas Inc	7.375%	05/15/2024	0.1%
W/S Packaging Holdings Inc	9.000%	04/15/2023	0.1%
Eclipse Resources Corp.	8.875%	07/15/2023	0.1%
j2 Cloud Services LLC / j2 Global Co-Obligor Inc	6.000%	07/15/2025	0.1%
Eldorado Intl. Finance GmbH	8.625%	06/16/2021	0.1%
Kratos Defense & Security Solutions Inc	6.500%	11/30/2025	0.1%
Southwestern Energy Co.	7.500%	04/01/2026	0.1%
Rackspace Hosting, Inc.	8.625%	11/15/2024	0.1%
Valeant Pharmaceuticals International, Inc.	7.000%	03/15/2024	0.1%
Insulet Corp.	1.250%	09/15/2021	0.1%
Murphy Oil Corp.	6.875%	08/15/2024	0.1%
Pioneer Energy Services Corp.	6.125%	03/15/2022	0.1%
MGM Resorts International	4.625%	09/01/2026	0.1%
Ensco plc	4.500%	10/01/2024	0.1%
CVR Partners LP / CVR Nitrogen Finance Corp	9.250%	06/15/2023	0.1%
Genesee & Wyoming, Inc.	0.000%	-	0.1%
Boyd Gaming Corp.	6.000%	08/15/2026	0.1%
Bhn Merger Sub Inc.	9.188%	06/15/2026	0.1%
Sarepta Therapeutics, Inc.	1.500%	11/15/2024	0.1%
Great Lakes Dredge & Dock Corp.	8.000%	05/15/2022	0.1%
Dell International LLC / EMC Corp	7.125%	06/15/2024	0.1%
Chegg, Inc.	0.250%	05/15/2023	0.1%
Kraton Polymers LLC/Capital Corp.	5.250%	05/15/2026	0.1%
Range Resources Corp.	4.875%	05/15/2025	0.1%
Hunt Cos Inc	6.250%	02/15/2026	0.1%
Golar LNG Partners L.P.	8.571%	05/18/2021	0.1%
Province of Santa Fe	6.900%	11/01/2027	0.1%
Canopy Growth Corp	4.250%	07/15/2023	0.1%
Amazon.com, Inc.	0.000%	-	0.1%
Comfort Systems USA, Inc.	0.000%	-	0.1%
Guitar Center Escrow Issuer Inc	9.500%	10/15/2021	0.1%
Alliant Holdings Intermediate LLC	8.250%	08/01/2023	0.1%
AES Corp.	5.125%	09/01/2027	0.1%
Lamar Media Corp.	5.750%	02/01/2026	0.1%
West Street Merger Sub Inc	6.375%	09/01/2025	0.1%
OCI NV	6.625%	04/15/2023	0.1%
Boston Beer Co., Inc.	0.000%	-	0.1%
AV Homes, Inc.	6.625%	05/15/2022	0.1%
Southern Graphics Inc	9.576%	11/22/2023	0.1%
Illumina, Inc.	0.500%	06/15/2021	0.1%
Columbia Sportswear Co.	0.000%	-	0.1%
Macquarie Bank Ltd./London	6.125%	03/08/2167	0.1%
Stars Group Holdings BV / Stars Group US Co-Borrow	7.000%	07/15/2026	0.1%
Loxo Oncology Inc	0.000%	-	0.1%
ServiceMaster Co LLC/The	5.125%	11/15/2024	0.1%
Trinidad Drilling Ltd.	6.625%	02/15/2025	0.1%
TerraForm Power Operating LLC	5.000%	01/31/2028	0.1%
MGM Growth Properties Operating Partnership LP / M	5.625%	05/01/2024	0.1%
Indigo Natural Resources LLC	6.875%	02/15/2026	0.1%
GLP Capital L.P. / GLP Financing II, Inc.	5.750%	06/01/2028	0.1%
Eagle Intermediate Global Holding BV/Ruyi US Finan	7.500%	05/01/2025	0.1%
Delek Logistics Partners LP / Delek Logistics Fina	6.750%	05/15/2025	0.1%
Live Nation Entertainment, Inc.	5.625%	03/15/2026	0.1%
Alliance One International Inc	9.875%	07/15/2021	0.1%
PPL Energy Supply LLC	4.600%	12/15/2021	0.1%
Chart Industries, Inc.	1.000%	11/15/2024	0.1%
Tyler Technologies, Inc.	0.000%	-	0.1%
InterXion Holding NV	4.750%	06/15/2025	0.1%
OM Asset Management plc	4.800%	07/27/2026	0.1%
Optimas OE Solutions Holding LLC / Optimas OE Solu	8.625%	06/01/2021	0.1%
Plains All American Pipeline L.P.	6.125%	12/31/2099	0.1%
Bruin E&P Partners LLC	8.875%	08/01/2023	0.1%
Sotheby's	4.875%	12/15/2025	0.1%
Align Technology, Inc.	0.000%	-	0.1%
Edelman Financial Center	9.092%	07/20/2026	0.1%
Navistar International Corp.	6.625%	11/01/2025	0.1%
Summit Materials LLC	5.125%	06/01/2025	0.1%
Booz Allen Hamilton, Inc.	5.125%	05/01/2025	0.1%
Solera Finance, Inc.	10.500%	03/01/2024	0.1%
Nokia Corp.	4.375%	06/12/2027	0.1%
Five Below, Inc.	0.000%	-	0.1%
Entegris, Inc.	4.625%	02/10/2026	0.1%
Inmarsat Finance plc	6.500%	10/01/2024	0.1%
Belk, Inc.	5.750%	12/12/2022	0.1%
Casella Waste Systems, Inc.	0.000%	-	0.1%
HollyFrontier Corp.	0.000%	-	0.1%
PetSmart, Inc.	5.875%	06/01/2025	0.1%
Genoa Healthcare Hldgs LLC	10.076%	10/27/2024	0.1%
Unit Corp.	6.625%	05/15/2021	0.1%
Star West Generation	6.830%	03/13/2020	0.1%
Hilton Grand Vacations Borrower LLC/Hilton Grand V	6.125%	12/01/2024	0.1%
Tennant Co.	5.625%	05/01/2025	0.1%
Etsy, Inc.	0.000%	03/01/2023	0.1%
Triumph Group, Inc.	5.250%	06/01/2022	0.1%
Charles River Laboratories International, Inc.	5.500%	04/01/2026	0.1%
NV5 Global, Inc.	0.000%	-	0.1%
Rowan Companies, Inc.	7.375%	06/15/2025	0.1%
FibroGen Inc	0.000%	-	0.1%
Avsc Holding Corp	9.592%	08/22/2025	0.1%
Advanced Micro Devices, Inc.	2.125%	09/01/2026	0.1%
GCP Applied Technologies, Inc.	5.500%	04/15/2026	0.1%
Terraform Global Operating LLC	6.125%	03/01/2026	0.1%
Mattel, Inc.	5.450%	11/01/2041	0.1%
Station Casinos LLC	5.000%	10/01/2025	0.1%
BMC East LLC	5.500%	10/01/2024	0.1%
VF Holding Corp	9.326%	07/02/2026	0.1%
Cargurus Inc	0.000%	-	0.1%
Grand Canyon Education, Inc.	0.000%	-	0.1%
Sandy Creek Energy Associates	6.334%	11/09/2020	0.1%
Sonos Inc	0.000%	-	0.1%
Intelsat SA	4.500%	06/15/2025	0.1%
Pharmaceutical Product Development LLC	6.375%	08/01/2023	0.1%
Elanco Animal Health Inc	4.900%	08/28/2028	0.1%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.125%	05/01/2027	0.1%
HubSpot, Inc.	0.250%	06/01/2022	0.1%
First Quantum Minerals Ltd.	7.250%	04/01/2023	0.1%
Crosby Group (KKR)	5.067%	11/22/2020	0.1%
RegionalCare Hospital Partners Holdings Inc	8.250%	05/01/2023	0.1%
Hot Topic, Inc.	9.250%	06/15/2021	0.1%
JSL Europe SA	7.750%	07/26/2024	0.1%
Kirby Corp.	0.000%	-	0.1%
Eaglepicher Tech LLC	9.326%	03/09/2026	0.1%
MRP Generation Holdings LLC	9.359%	10/18/2022	0.1%
Altran Technologies	8.826%	06/26/2026	0.1%
Longview Power	7.000%	03/25/2021	0.1%
VM Holding SA	5.375%	05/04/2027	0.1%
Blitz F18-674 GmbH	6.000%	07/30/2026	0.1%
Excelitas Technologies	9.967%	11/15/2025	0.1%
Chobani LLC / Chobani Finance Corp Inc	7.500%	04/15/2025	0.1%
Apex Tool Group LLC / BC Mountain Finance Inc	9.000%	02/15/2023	0.1%
Flynn Restaurant Group	9.081%	06/29/2026	0.1%
Watts Water Technologies	0.000%	-	0.1%
Informatica Corp.	7.125%	07/15/2023	0.1%
Provident Funding Associates L.P. / PFG Finance Co	6.375%	06/15/2025	0.1%
Promontoria Holding 264 BV	6.750%	08/15/2023	0.1%
FPC Holdings Inc	11.076%	11/19/2022	0.1%
Six Flags Entertainment Corp.	4.875%	07/31/2024	0.1%
Horizon Pharma Inc / Horizon Pharma USA Inc	8.750%	11/01/2024	0.1%
AK Steel Corp.	7.000%	03/15/2027	0.1%
MEG Energy Corp.	0.000%	-	0.1%
William Lyon Homes, Inc.	6.000%	09/01/2023	0.1%
Levi Strauss & Co.	3.375%	03/15/2027	0.1%
JBS USA LLC/JBS USA Finance, Inc.	5.875%	07/15/2024	0.1%
Southeast PowerGen	5.580%	12/02/2021	0.1%
TCF Financial Corp.	0.000%	-	0.1%
Hexion, Inc.	6.625%	04/15/2020	0.1%
Forterra, Inc.	5.076%	10/25/2023	0.1%
Centene Corp.	6.125%	02/15/2024	0.1%
Prime Cut Merger Sub Inc	6.607%	03/21/2025	0.1%
PVH Corp.	3.125%	12/15/2027	0.1%
BBA US Holdings Inc	5.375%	05/01/2026	0.1%
DIRECT CHASSISLINK INC	8.076%	06/15/2023	0.1%
Academy, LTD.	6.082%	07/02/2022	0.1%
Ziggo BV	5.500%	01/15/2027	0.1%
Ensco plc	5.200%	03/15/2025	0.1%
UFC Holdings LLC	9.576%	08/03/2024	0.1%
Frontera Generation Hold	6.331%	05/02/2025	0.1%
Hadrian Merger Sub Inc	8.500%	05/01/2026	0.1%
Colorado Buyer, Inc.	9.340%	05/01/2025	0.1%
Dole Food Co., Inc.	7.250%	06/15/2025	0.1%
Control4 Corp.	0.000%	-	0.1%
First Quantum Minerals Ltd.	6.500%	03/01/2024	0.1%
Provincia de la Rioja	9.750%	02/24/2025	0.1%
JBS USA LLC/JBS USA Finance, Inc.	6.750%	02/15/2028	0.1%
Performance Food Group, Inc.	5.500%	06/01/2024	0.1%
Newfield Exploration Co.	5.750%	01/30/2022	0.1%
SVB Financial Group	0.000%	-	0.1%
Sugarhouse HSP Gaming Prop Mezz LP/Fin Corp.	5.875%	05/15/2025	0.1%
MPH Acquisition Holdings LLC	7.125%	06/01/2024	0.1%
Prime Security Services Borrower LLC / Prime Finan	9.250%	05/15/2023	0.1%
Arcos Dorados Holdings, Inc.	5.875%	04/04/2027	0.1%
JD Power & Associates	9.500%	06/09/2024	0.1%
Cemig Geracao e Transmissao SA	9.250%	12/05/2024	0.1%
Greenbrier Cos., Inc.	2.875%	02/01/2024	0.1%
NextEra Energy Operating Partners LP	4.500%	09/15/2027	0.1%
Buenos Aires, Argentina	7.500%	06/01/2027	0.1%
SM Energy Co.	5.625%	06/01/2025	0.1%
Fresh Market, Inc.	9.750%	05/01/2023	0.1%
Williams Scotsman International Inc	6.875%	08/15/2023	0.1%
Rio Energy SA / UGEN SA / UENSA SA	6.875%	02/01/2025	0.1%
Speedway Motorsports, Inc.	5.125%	02/01/2023	0.1%
Manitowoc Co., Inc.	12.750%	08/15/2021	0.1%
Hill-Rom Holdings, Inc.	5.000%	02/15/2025	0.1%
DocuSign Inc	0.000%	-	0.1%
Banco Votorantim S.A.	8.250%	12/07/2167	0.1%
WMG Acquisition Corp.	5.000%	08/01/2023	0.1%
Cheniere Corpus Christi Holdings LLC	7.000%	06/30/2024	0.1%
Eldorado Resorts, Inc.	6.000%	04/01/2025	0.1%
Samarco Mineracao S.A.	4.125%	11/01/2022	0.1%
Ashton Woods USA LLC / Ashton Woods Finance Co.	6.750%	08/01/2025	0.1%
Garda World Security Corp	8.750%	05/15/2025	0.1%
KeHE Distributors LLC / KeHE Finance Corp.	7.625%	08/15/2021	0.1%
EP Energy LLC	8.000%	02/15/2025	0.1%
Revlon, Inc. Class A	5.571%	09/07/2023	0.1%
LBC Tank Terminals Holding Netherlands BV	6.875%	05/15/2023	0.1%
Wyndham Worldwide Corp.	5.100%	10/01/2025	0.1%
Freedom Mortgage Corp	8.250%	04/15/2025	0.1%
Silgan Holdings, Inc.	4.750%	03/15/2025	0.1%
Valvoline, Inc.	5.500%	07/15/2024	0.1%
Grinding Media, Inc. / MC Grinding Media Canada, I	7.375%	12/15/2023	0.1%
MHP S.A.	7.750%	05/10/2024	0.1%
Provincia de Mendoza Argentina	8.375%	05/19/2024	0.1%
Joseph T Ryerson & Son, Inc.	11.000%	05/15/2022	0.1%
Southwestern Energy Co.	7.750%	10/01/2027	0.1%
Pelican Products Inc	9.831%	05/01/2026	0.1%
Frontier Communications Corp.	11.000%	09/15/2025	0.1%
Koppers, Inc.	6.000%	02/15/2025	0.1%
Simmons Foods, Inc.	5.750%	11/01/2024	0.1%
Enova International, Inc.	9.750%	06/01/2021	0.1%
Keane Group Holdings LLC	5.875%	05/19/2025	0.1%
Griffon Corp.	5.250%	03/01/2022	0.1%
JMC Steel Group	9.875%	06/15/2023	0.1%
Banco de Galicia y Buenos Aires	8.250%	07/19/2026	0.1%
Frontier Communications Corp.	7.625%	04/15/2024	0.1%
Toll Brothers Finance Corp.	4.350%	02/15/2028	0.1%
Endeavor Energy Resources L.P.	5.500%	01/30/2026	0.1%
Carlson Travel, Inc.	6.750%	12/15/2023	0.1%
Steel Dynamics, Inc.	4.125%	09/15/2025	0.1%
Allegheny Technologies, Inc.	7.875%	08/15/2023	0.1%
Banff Merger Sub Inc	8.375%	09/01/2026	0.1%
American Woodmark Corp.	4.875%	03/15/2026	0.1%
Targa Resources Partners L.P.	5.875%	04/15/2026	0.1%
SM Energy Co.	6.625%	01/15/2027	0.1%
Samsonite Finco Sarl	3.500%	05/15/2026	0.1%
Ensco plc	7.750%	02/01/2026	0.1%
Mexichem SAB de CV	5.875%	09/17/2044	0.1%
Medplast Holdings Inc	10.087%	06/22/2026	0.1%
Air Canada 2015-2 Class B Pass Through Trust	5.000%	12/15/2023	0.1%
Panda Power Funds	8.084%	12/19/2020	0.1%
Brunello Cucinelli SpA	0.000%	-	0.1%
AMC Networks, Inc.	5.000%	04/01/2024	0.1%
Moxie Patriot LLC	8.084%	12/19/2020	0.1%
High Ridge Brands Co.	8.875%	03/15/2025	0.1%
HCA, Inc.	5.875%	03/15/2022	0.1%
Oceaneering International, Inc.	4.650%	11/15/2024	0.1%
Precision Drilling Corp.	7.750%	12/15/2023	0.1%
UTEX Industries	9.326%	05/22/2022	0.1%
AMC Entertainment Holdings, Inc.	5.875%	11/15/2026	0.1%
GLP Capital L.P. / GLP Financing II, Inc.	5.375%	04/15/2026	0.1%
Navient Corp.	6.625%	07/26/2021	0.1%
Navient Corp.	5.875%	03/25/2021	0.1%
Navios South American Logistics Inc / Navios Logis	7.250%	05/01/2022	0.1%
Gibson Brands, Inc	11.773%	05/01/2019	0.1%
Titan International, Inc.	6.500%	11/30/2023	0.1%
Valeant Pharmaceuticals International, Inc.	6.500%	03/15/2022	0.1%
UC Holdings	0.000%	-	0.1%
Men's Wearhouse, Inc.	7.000%	07/01/2022	0.1%
Country Garden Holdings Co. Ltd.	4.750%	09/28/2023	0.1%
CIT Group, Inc.	5.250%	03/07/2025	0.1%
HCA, Inc.	7.690%	06/15/2025	0.1%
NRG Yield Operating LLC	5.000%	09/15/2026	0.1%
PDC Energy, Inc.	6.125%	09/15/2024	0.1%
Ensco plc	5.750%	10/01/2044	0.1%
Six Flags Entertainment Corp.	5.500%	04/15/2027	0.1%
Wyndham Worldwide Corp.	4.500%	04/01/2027	0.1%
Transocean Pontus Ltd	6.125%	08/01/2025	0.1%
Shimao Property Holdings Ltd.	5.200%	01/30/2025	0.1%
Gulfport Energy Corp.	6.375%	01/15/2026	0.1%
inVentiv Group Holdings/inVentiv Health Inc/inVent	7.500%	10/01/2024	0.1%
Oceaneering International, Inc.	6.000%	02/01/2028	0.1%
Teleflex, Inc.	4.625%	11/15/2027	0.1%
Chaparral Energy, Inc.	0.000%	-	0.1%
Gulfport Energy Corp.	6.375%	05/15/2025	0.1%
Simmons Foods, Inc.	7.750%	01/15/2024	0.1%
Manchester United Plc	0.000%	-	0.1%
KOC Holding AS	5.250%	03/15/2023	0.1%
Univision Communications, Inc.	5.125%	02/15/2025	0.1%
Wynn Macau Ltd.	5.500%	10/01/2027	0.1%
Panda Temple Power, LLC	9.800%	02/07/2023	0.1%
HCA, Inc.	5.375%	02/01/2025	0.1%
Bill Barrett Corp.	8.750%	06/15/2025	0.1%
Hexion Inc / Hexion Nova Scotia Finance ULC	9.000%	11/15/2020	0.1%
Lennar Corp.	4.750%	05/30/2025	0.1%
California Resources Crp	6.816%	11/17/2022	0.0%
IFM US Colonial Pipeline 2 LLC	6.450%	05/01/2021	0.0%
HCA, Inc.	5.875%	02/15/2026	0.0%
Gulfport Energy Corp.	6.000%	10/15/2024	0.0%
MSCI, Inc.	5.375%	05/15/2027	0.0%
CSI Compressco LP / CSI Compressco Finance Inc	7.250%	08/15/2022	0.0%
Univision Communications, Inc.	5.125%	05/15/2023	0.0%
CURO Financial Technologies Corp	12.000%	03/01/2022	0.0%
CIT Group, Inc.	6.000%	04/01/2036	0.0%
Gray Television, Inc.	5.125%	10/15/2024	0.0%
Jeld-Wen Inc	4.625%	12/15/2025	0.0%
Lennar Corp.	4.750%	11/29/2027	0.0%
Dominican Republic International Bond	8.900%	02/15/2023	0.0%
CF Industries, Inc.	4.950%	06/01/2043	0.0%
AMC Entertainment Holdings, Inc.	6.125%	05/15/2027	0.0%
ASP AMC Merger Sub, Inc.	8.000%	05/15/2025	0.0%
Builders FirstSource, Inc.	5.625%	09/01/2024	0.0%
NRG Yield Operating LLC	5.375%	08/15/2024	0.0%
Acadia Healthcare Co., Inc.	6.500%	03/01/2024	0.0%
BC Equity Ventures LLC	10.093%	08/21/2026	0.0%
Mexichem SAB de CV	5.500%	01/15/2048	0.0%
Tupras Turkiye Petrol Rafine	4.500%	10/18/2024	0.0%
Country Garden Holdings Co. Ltd.	4.750%	01/17/2023	0.0%
Peak 10 Holding Corp	9.593%	08/01/2025	0.0%
Asbury Automotive Group, Inc.	6.000%	12/15/2024	0.0%
Universal Health Services, Inc.	5.000%	06/01/2026	0.0%
Remington Outdoor Co. Inc.	0.000%	-	0.0%
Templar Energy LLC	0.000%	-	0.0%
Chaparral Energy, Inc.	0.000%	-	0.0%
BC Equity Ventures LLC	10.093%	08/21/2026	0.0%
Credit Default Swap	5.000%	06/20/2023	0.0%
Doncasters US Finance LLC (Doncasters US LLC)	5.834%	04/09/2020	0.0%
Netflix, Inc.	4.875%	04/15/2028	0.0%
Credit Default Swap	5.000%	06/20/2023	0.0%
FGI Operating Company, LLC	0.000%	05/15/2022	0.0%
Credit Default Swap	5.000%	06/20/2023	0.0%
Credit Default Swap	5.000%	06/20/2023	0.0%
FX USD/GBP 10/18	0.000%	10/19/2018	0.0%
Coca-Cola Icecek A.S.	4.215%	09/19/2024	0.0%
Credit Index Swap	5.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	5.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Tonon Luxembourg S.A.	10.500%	05/14/2024	0.0%
Templar Energy LLC	0.000%	-	0.0%
Credit Default Swap	1.000%	06/20/2020	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Fairway Group Acquisition Company	9.000%	01/03/2020	0.0%
Fairway Group Acquisition Company	10.000%	10/03/2021	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
Morgan Stanley Capital I Trust	5.510%	07/15/2056	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
Rack Holdings	9.310%	10/03/2022	0.0%
Credit Default Swap	1.000%	06/20/2020	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
Penson Technologies LLC	0.000%	-	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
FX JPY/USD 10/18	0.000%	10/26/2018	0.0%
Afren plc	6.625%	12/09/2020	0.0%
FX USD/JPY 10/18	0.000%	10/26/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
Afren plc	11.500%	02/01/2016	0.0%
Afren plc	10.250%	04/08/2019	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX CAD/USD 09/18	0.000%	09/18/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
US LONG BOND(CBT) DEC18	0.000%	12/31/2018	0.0%
US 10YR NOTE (CBT)DEC18	0.000%	12/31/2018	0.0%
US 5YR NOTE (CBT) DEC18	0.000%	01/04/2019	0.0%
US ULTRA BOND CBT DEC18	0.000%	12/31/2018	0.0%
Mirabela Nickel Ltd.	1.000%	09/16/2044	0.0%
Washington Mutual, Inc.	6.875%	06/15/2011	0.0%
General Motors Co.	7.200%	01/15/2049	0.0%
Peabody Energy Corp.	10.000%	03/15/2022	0.0%
Momentive Performance Escrow	0.000%	12/31/2049	0.0%
FX USD/CAD 09/18	0.000%	09/18/2018	0.0%
FX USD/CAD 09/18	0.000%	09/18/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
EURO-BUND FUTURE DEC18	0.000%	12/10/2018	0.0%
Energizer Holdings Inc	0.000%	05/18/2019	0.0%
EURO-BOBL FUT DEC18	0.000%	12/10/2018	0.0%
Remington Outdoor Co. Inc.	0.000%	-	0.0%
Fairway Group Acquisition Company	0.000%	-	0.0%
US 2YR NOTE (CBT) DEC18	0.000%	01/04/2019	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX CAD/USD 09/18	0.000%	09/18/2018	0.0%
FX USD/CAD 09/18	0.000%	09/18/2018	0.0%
FX USD/EUR 11/18	0.000%	11/16/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
J.P.Morgan Securities LLC	0.010%	-	0.0%
FX USD/EUR 11/18	0.000%	11/16/2018	0.0%

Sector Allocationas of 09/28/2018

Sector	Weighting	Fund Change from Previous Quarter

Sector	Weighting	Fund Change from Previous Quarter
Retail		1.0%
Energy		1.6%
Insurance		0.1%
Automotive		0.2%
Banking		1.0%
Real Estate		0.1%
Financial Services		0.1%
Capital Goods		0.2%
Technology & Electronics		0.7%
Media		0.1%
Telecommunications		0.2%
Services		0.4%
Other		0.4%
Basic Industry		1.0%
Consumer Goods		0.2%
Transportation		0.2%
Utility		0.4%
Leisure		1.0%
Healthcare		1.2%

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 10/15/2018: $0.322
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	09/30/2018	$0.03506	$7.48
Daily	Daily	08/31/2018	$0.03680	$7.48
Daily	Daily	07/31/2018	$0.03570	$7.43
Daily	Daily	06/30/2018	$0.03548	$7.40
Daily	Daily	05/31/2018	$0.03597	$7.43
Daily	Daily	04/30/2018	$0.03559	$7.48
Daily	Daily	03/31/2018	$0.03668	$7.51
Daily	Daily	02/28/2018	$0.03558	$7.59
Daily	Daily	01/31/2018	$0.03613	$7.71

Upcoming Dividend Payment Dates

Record Date	Ex-Dividend Date	Reinvest & Payable Date
Daily	Daily	10/31/2018
Daily	Daily	11/30/2018
Daily	Daily	12/31/2018

Capital Gains Distributions

For

Record Date	Reinvest & Payable Date	Long-term	Short-term *	Total	Reinvest Price
12/18/2014	12/19/2014	$0.0899	$0.0792	$0.1691	$7.44

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.

Upcoming Capital Gain Distribution

Record Date	Ex-Dividend Date
12/17/2018	12/18/2018

Fees & Expenses

Sales Charge Schedule as of 10/15/2018

	Sales Charge	Dealer's Concession	Prices at Breakpoint
Less than $100,000	2.25%	2.00%	$7.52
$100,000 to $249,999	1.75%	1.50%	$7.48
$250,000 to $499,999	1.25%	1.00%	$7.44
$500,000 to $999,999	0.00%	1.00%	$7.35
$1,000,000 to $5,000,000	0.00%	1.00%	$7.35

The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers Click here.

Expense Ratioas of 09/30/2018

Fund Documents

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	Semi-Annual Report Publish Date:11/03/2015
	Fact Sheet Publish Date:11/03/2015
	Commentary Publish Date:11/03/2015
	Flyer Publish Date:11/03/2015
	Flyer Publish Date:11/03/2015
	Capital Markets Presentation Publish Date:11/03/2015

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

IMPORTANT INFORMATION

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The Fund invests primarily in high-yield, lower-rated securities, sometimes called junk bonds. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance.

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

Class A Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

Returns shown at less than a year reflect aggregate total returns.

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.

The ICE BofA Merrill Lynch U.S. High Yield Constrained Index is a capitalization-weighted index of all US dollar denominated below investment grade corporate debt publicly issued in the US domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $100 million. The index caps individual issuer at 2%. Index constituents are capitalization-weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro-rata basis. The face values of bonds of all other issuers that fall below the 2% cap are increased on a pro-rata basis. In the event there are fewer than 50 issuers in the Index, each is equally weighted and the face values of their respective bonds are increased or decreased on a pro-rata basis.

Source: ICE Data Indices, LLC.

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE BofAML INDICES AND RELATED DATA ON AN "AS IS" BASIS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE ICE BofAML INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THE USE OF THE FOREGOING, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND LORD ABBETT, OR ANY OF ITS PRODUCTS OR SERVICES.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

The Overall Morningstar RatingTM is derived from a weighted average of the performance figures associated with a fund's three-, five-, and 10-year (as applicable) Morningstar RatingTM metrics. © Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Load-waived ratings do not include any front-end sales charges (which are only available for certain defined contribution plans and certain mutual fund advisory programs) and should only be considered by investors who are not subject to sales loads. Not all funds with a load-waived rating may waive their front-end load. An investor should check with their advisor to determine if they are eligible to purchase the load-waived Class A share. The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The Overall Morningstar rating is a weighted average of funds' three-, five-, and 10-year (as applicable) ratings. Past performance is no guarantee of future results. Morningstar Rating is for the Class A share only; other classes may have different performance characteristics.

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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Summary

Summary

What is the High Yield Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in high yield corporate bonds.

A HERITAGE OF HIGH YIELD

AN OPPORTUNISTIC APPROACH

STRONG TRACK RECORD

Yield

Dividend Yield 1 as of 10/15/2018

30-Day Standardized Yield 2 as of 09/30/2018

Expense Ratioas of 09/30/2018

Fund Basicsas of 09/28/2018

Fund Expense Ratio :

0.89%

Fund Expense Ratio :

0.89%

Fund Expense Ratio :

0.89%

Fund Expense Ratio :

0.89%

RELATED CONTENT

Credit Quality Distribution as of 09/28/2018 View Portfolio

Investment Team

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Performance

Performance

Dividend Yield 1 as of 10/15/2018

30-Day Standardized Yield 2 as of 09/30/2018

Fund Expense Ratio :

0.89%

Fund Expense Ratio :

0.89%

Fund Expense Ratio :

0.89%

Fund Expense Ratio :

0.89%

Growth of $10,000 as of 09/30/2018

NAV Historical Prices

Portfolio

Portfolio

Register For a LordAbbett.com Account
Using Your Email Address.

Dividend Yield ¹ as of 10/15/2018

30-Day Standardized Yield ² as of 09/30/2018

Dividend Yield ¹ as of 10/15/2018

30-Day Standardized Yield ² as of 09/30/2018